I was talking to a neighbour within the weekend and suddenly he grew so much passion in wanting to invest but now the problem is that his wanting me do this for him with excuses of not having the basic knowledge and I've told him to Google and do his own research about it.
I want to know if it's safe to buy Bitcoin without having the basic knowledge of it ?
Well, I currently have some friends that are holding bitcoin that don't really have the basic knowledge, what I did was to help them create a Bitcoin wallet and hand over the seed or phrase of the wallet to them, and teach them how to keep that piece of information safe.
Then I help them purchase bitcoin from an exchange and move it into their wallet.
I know that it is actually risky, but I tell them my disclaimer which states I am not responsible for any loss which they have to angry before I go ahead and purchase bitcoin for them, I just let them know how important keeping their seed or phrase safe is, as who ever gets it gains access to their wallet and could possibly steal their bitcoin..
And so far, non of them have reported any issue of any kind, I am happy they are holding bitcoin and also learning about it at the same time.
